FOR IMMEDIATE RELEASE

TSX Venture - ABI.V June 1, 2016

UPDATE TO THE ACQUISITION AGREEMENT OF THE SLEEPING GIANT MILL AND MINE

Mont St-Hilaire, Quebec, Canada, June 1, 2016

Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. (TSX-V: ABI) (the "Corporation") is pleased to announce that conditions to the benefit of Abcourt to the acquisition of the Sleeping Giant mill and mine, as disclosed in Abcourt's Press Release issued on March 4 2016, have been satisfied or waived by Abcourt. The acquisition process continues and closing to the transaction shall occur soon.

About Abcourt Mines Inc.

Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources (2012) compliant with Regulation 43-101 and a

P.E.A. study was realized in the Fall of 2012 by Roche Limited, Consulting Group. Abcourt is focusing on the Elder project.

The Abcourt-Barvue property has ore reserves (2007) and silver - zinc resources (2012). A positive feasibility study was completed in 2007 by Roche / Genivar on the Abcourt-Barvue project.

Historical resources in copper, zinc, gold and silver are found on the Aldermac and Jonpol properties. To know more about Abcourt, please visit our web site at www.abcourt.com and SEDAR.

For more information, please contact:

Renaud Hinse, President and CEO T: 819 768-2857 450 446-5511

F: 819 768-5475 450 446-3550

Email : [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.